The website New Home Source has ranked Covington as number 5 of the best places to retire in Kentucky for 2021.
Despite Covington's crime problem, New Home Source's statistics for Covington look promising. There is a significant population of seniors living in Covington at 12.4% and the median home price is reasonable at $111,500.
While Covington still suffers from a crime problem, the two most attractive factors for retirees in considering Covington as a home are its affordability and urban environment.
Back in 2014, the River City News featured Covington as a top retirement destination. At the time, Covington was listed as one of the cheapest places to live in the country.
According to bestplaces.net, Covington's cost of living is 78.5 which is lower than the Kentucky average of 83.6. Home prices and housing are especially lower than average while health and transportation costs are a little more expensive.
There are several amenities for seniors living in Covington. The website Senior Living Near Me reports that the average cost of independent senior living in Covington is $2,261 per month but there are more affordable living communities for seniors starting at $1313 per month.
There are also more than 55 retirement communities in total for seniors in Covington.
Covington also gives off the vibe of being an urban city. It is very close to Cincinnati and all the entertainment it offers. It is one of the few urban areas that is highly rated for retirees in Kentucky as it provides the feel of a city life with the balance needed for a serene and peaceful life in old age.
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